"Biden inherited an economy that was flat on its back because of the pandemic, and he's bequeathing an economy that's flying high," said Mark Zandi, chief economist at Moody's Analytics. "Having said that, there are blemishes in the minds of many Americans ... They feel ripped off."

U.S. stocks are about to close out the Biden era on a high note as the president bids farewell to the White House.

The S&P 500 index gained 2.91% to just short of the 6000 mark, its best percentage gain since the week of Election Day ended on Nov. 8.

Drops for Nvidia and other superstar stocks are dragging U.S. indexes lower and keeping Wall Street stuck in its weekslong rut. The S&P 500 fell 0.8% early Monday. The index is coming off its fourth losing week in the last five.

Asian shares mostly rose Tuesday, deriving optimism from rising technology stocks on Wall Street, led by Nvidia. Japan’s benchmark Nikkei 225 jumped 2.4% in morning trading to

President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.

The major indexes reclaimed their 50-day moving averages while bitcoin also rallied into Donald Trump's presidential inauguration. Many stocks flashed buy signals.

The major indexes reclaimed their 50-day moving averages while bitcoin also rallied into Donald Trump's presidential inauguration. Many stocks flashed buy signals.

NEW YORK (Reuters) - Investors will closely monitor stock markets on Tuesday, the day after Donald Trump is inaugurated for his second term in the White House, to see if U.S. equities can continue their recent trend of posting gains after a president is sworn in.

The jobless rate soared to 14.8% at the height of the pandemic, but, by the time Biden took office, it had dropped to 6.4%. It then fell steadily to 3.4% by 2023 as the U.S. recovered fully from the pandemic.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all ...